Monday, 26 August 2019

RBI to transfer record Rs 1.76L crore to govt

The RBI board, headed by governor Shaktikanta Das, which met in Mumbai on Monday, approved a transfer of Rs 1,76,051 crore to the government. This includes Rs 1,23,414 crore of surplus or dividend for the year 2018-19 and Rs 52,637 crore of excess provisions — a one-time transfer which is also a first for the central bank.

from Times of India https://timesofindia.indiatimes.com/business/india-business/rbi-to-transfer-record-rs-1-76-lakh-crore-to-government/articleshow/70850077.cms
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